How to Buy GridCoin (GRC)

A Step-by-Step Beginner’s Guide

Buying cryptocurrency doesn’t have to be complicated!

Follow the steps below to get started investing in GridCoin (GRC).

Step 1: Buy Bitcoin (BTC)

Exchange your fiat currency for Bitcoin at a top exchange.

I use Coinbase because it is one of the longest running and most reputable places to buy Bitcoin. It also has a well designed and easy-to-use interface.

Coinbase homepage

After signing up and ID verification, you can buy Bitcoin with major currencies (USD, EUR, GBP, etc.) via online bank transfer or with credit/debit card.

Coinbase is currently available in these countries.

Other good places to buy Bitcoin are:

Step 2: Open an account with an exchange that trades GridCoin

Now that you have some Bitcoin, you need a place to trade it for GRC.

Here is a list of online exchanges where GRC can be bought and sold:

Exchanges are listed in order of trade volume (descending).

This list is current as of March 2018.

Step 3: Get your Bitcoin address

After opening an account at one of the exchanges above, obtain your BTC wallet address.

The details for obtaining a wallet address vary from exchange to exchange, but it is usually relatively straightforward.

Make sure to get your “deposit” or “receiver” address.

It will be a long string of random characters, looking something like this:


Copy this address for the next step. (Your own unique address of course, not the address above!)

Step 4: Send Bitcoin to your new wallet address

Send Bitcoin from your Coinbase account (or any other account/wallet funded with BTC) to your receiver BTC address from the step above.

Send BTC Coinbase screenshot

Step 5: Trade BTC for GRC

After you receive the BTC in your “secondary” exchange account (it usually takes a few minutes) you can trade it for GridCoin within the exchange.

The details for trading currencies vary depending on the exchange.

Generally, you will look for the GRC/BTC trading pair and buy or “place an order” to buy GRC with your BTC balance.

Your order may fill immediately or after a short while. If there is a delay, it is usually to find sufficient matching “sell” order(s) for your buy order.

Voila! Now you have some GridCoin 🙂

About this guide

This is intended as a beginner’s “101” guide that provides a fast and easy route for acquiring GridCoin.

There are many subtleties and best practices (such as using secure passwords, 2-factor authentication, etc.) to consider when buying digital currencies. There are plenty of sites out there that provide a wealth of information about cryptocurrency and altcoins. The point of this guide is to simplify the discussion a bit for the general goal of purchasing GRC. As always, use common sense.

1 Comment

  1. For using a 20 year old platform of Boinc, Gridcoin has an incredibly wonky way to buy Gridcoin has me completely disdained.
    Its more like this:
    Step 1. Setup boinc, run this on your computer all you can afford to. Convince spouse it will pay for itself.
    Step 2. Setup Gridcoin Wallet. trust me, it will forever be out of synch and never show a single Gridcoin earned after weeks.
    Step 3. Read every single forum and BEG for someone to send you some GRC to get started.
    Step 4. Go to the elusive “faucets” that will say you are behind proxies no matter if you’re not.
    Step 5. Rewatcfh every damn video on running it and hope you got it right, while still running Boinc in the background all the while.
    Step 6. Set up a Bitcoin wallet (even though you never wanted to) and buy Bitcoin.
    Step 7. Find another exchange that exchanges with GRC “and” will allow a new applicant (Hint: There are FEW)
    Step 8. Optional, set up 20 different Forum accounts and “try” to sell your used hardware, for GRC. (good luck with that)
    Step 9. (If I ever get there) After setting up Boinc and mining for months, attempt to cash-out some for US$ to pay for the electric bill you promised your spouse this would pay for.
    Step 10. Take money out of life’s savings for mining therapy.

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